L&T looking to sell stake in infrastructure unit

Larsen & Toubro Ltd, India's biggest engineering conglomerate, is seeking to sell a stake in its infrastructure unit to help fund its expansion as economic growth drives demand for roads, ports and bridges.The company is looking to sell a share in L&T Infrastructure Development Projects Ltd to share risk, group chief financial officer R. Shankar Raman said on Monday, declining to specify the size of the stake.The group is seeking to ...